We followed these 3 SECRET STRATEGIES to become Wealthy/Rich in India | Akshat Shrivastava English 

►LAST FEW SEATS LEFT for my stock market and cryptocurrency course [Starting 17th June, 2022] Enrol today: wisdomhatch.com/finance/ _______________________________________________________ ► Have trouble filing your taxes? Do check out taxbuddy and also avail 35% discount on the services sought: filemyreturns.taxbuddy.com/akshat

6 things to Takeaway:- 1)Have a Broad mindset 2)Attend Social Meet-up or Business Conference 3) Don't get a habit of buying everything in EMI. If u can buy it twice, you are good to buy. 4) Don't Take Loans .. Expect take it when it creates cash flows 5) Buy Commercial property than residential property 6) Avoid Loans during your 20's. hope this helps..

I love your videos. Unfortunately, it's been a while since i visited i am experiencing one of the most challenging phases of my life... Lost a fortune investing in emerging companies... Hopeful, for a turnaround.

THANKS. Just what I needed to watch. My husband and I are administrators of our farming business and our own properties, as well as small pensions. I am almost 56, my Wife is 52. We have started saving for retirement from the farm and maybe live off rental income, I would really appreciate it if you would do a video on how to earn passive income online and retire comfortably let's say 1 million bucks.

Few things which can help you come out of middle class trap are : 1.Opting for simple wedding . 2. Spending 33% of your time with people with abundant mindset. 3.Perceive money as an instrument rather than the end goal. 4. Learn more about the money 💰 markets . 5.Start investing in diverse options. Enjoy your life .

I simply escaped the middle class trap by not having a fancy marriage & child easy🌞

I actually loved to take loans... but within my means and with certain backup.. The advantage of enjoying, say, an AC or a laptop today compared to 2 years later, is much higher and offered me more value. The happiness of enjoying 2 extra years in a car with my family offers a whole lot of value. After all, is just one life. But yes, I will never take loan for secund home, secund car or stock market or vacations etc..

You're the most underrated life coach and mentor I came across RU-vid. Thanks for the valuable lessons.

1) EMI schemes from financial institutions usually come with a target which requires the shop to bring in certain number of EMIs per month. My friend's shop has had a similar issue where the EMI scheme was pulled since they didnt meet the quota. 2) The shops would receive the whole amount within a couple of weeks from the purchase( not sure about the timeframe, but shops do receive full amount less some service charges)

Hello @Akshat Shrivastava, I noticed a small correction (9:00) that needs to be made regarding loans. When a borrower takes out a loan, the money they receive is not printed money. Only the Reserve Bank of India (RBI) can print money, and it does so when the government issues G-Sec or T-Bills. Instead, the money that borrowers receive comes from the deposits made by account holders in their bank accounts. Banks offer low interest rates, typically around 3-4% for savings accounts and 5-6% for fixed deposits, while charging higher interest rates of 7 to 15% on loans. In a developing country like India, the government must borrow a lot of money to invest in infrastructure and reduce its fiscal deficit. This can lead to inflation and a decrease in the purchasing power of money over time.

Nice content! Few years back i was assistant to a wealthy pen artist and within the short period i worked with him i observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this i learned that the rich stay rich by investing.

Thanks for the update. Same thing happened to me also. I was booking International air ticket from Make my trip and they offered me flat Rs 1200 discount, if I buy on EMI through a particular credit Card. I bought through EMI and ended up paying lot of amount including processing charges and taxes etc. Great Video Sir. ❤️

Congratulations Akshat. You always seem to amaze me. EMI or full payment, avoiding impulse buying, getting out of comfort zone, taking risks and expanding skillset. Wonderful points. JUST ONE POINT. TAKING ACTION IS THE MOST IMPORTANT SO VIEWERS GO FOR IT.

The real way to get rich is not by investing but earning hefty through business and job but investment help in wealth preservation and increment - this is my view

Thank you... one BIG leaning from this video is MINDSET is the key!!! Cheers

Great video. But the thing about taking debt only to create cashflows is.. Defining cashflow becomes difficult if the investment is long term. Buying a property to stay might potentially be creating net positive cashflow if we also consider the rent that is either prevented/ rent obtained. Even if the monthly EMI is more than the rent, the interest part of that EMI is the thing that should matter in the cashflow computation, as the property retains some value. And even if the interest part of the EMI breaches the rent, it still might be net positive if the plan is to stay in the house for long well after repayment. And i didnt even talk about non financial benefits of the investment. The stability of a family living in a owned house if undisputably a lot greater than one renting it. But on the flip side, the property might become a elastic band which keeps pulling us back from taking risk related to stuff like work location. So i have to say i dont agree with your point that " buying a house for living is a bad idea financially ", as i think it depends on a lot of factors and such a blanket statement hides the complexity.

Similar thing i follow before making any major buying decision is to make sure to have double the amount in savings account, and then invest in equities.(an amount equal to purchase price)

How can someone be so good ? Hats off man mad respect

That happened with 4 years back when I purchased an AC. I didn't need the loan but I got a discount on the price if I finance it. I chose to finance the AC as I didn't have to pay any additional on the price if I were to pay in full now.

Two English mistakes 1) Not alternate but alternative strategy or career 2) Not avail the EMI but avail of the EMI

Initially I was not admiring you but I see many of your videos and now I must confess that you are doing good for the greater class. Kudos to you.... I am proud of you

Beautifully explained ....must watch by every Indian

You are so genuine.Your explanations are really easy to understand.God Bless you and your family!

The loan now is being disbursed at MCLR . THATS THE ANSWRR LOANS ARE NOT COSTLIER. NOW LETS COME TO ANOTHER POINT GRADATION OF THE SOCIETIES STRUCTURE. INR EQUIVALENT TO ANY CURRENCY HAS SO DEVALUED. INDIAN CURRENCY IS DEVALUED. IF IT IS DEVALUED EVERYTHING HAD GONE DOWN.

Financiers give commission to dealers. That’s as simple as that. 7 % the dealer gets. 2,800 in your case.

Amazing intellectual knowledge and simple facts

Getting loans does not ensure free cash flow... unless and until the business/ real estate ( the property on which the amount had been invested ) generates the necessary amount to support the EMIs and generates the extra for free cash flow... I think financially independent is a necessary object rather than switching to higher from middle...

IF EVERYONE STOPS BUYING & SIMPLY INVEST ; WITHIN WEEKS , YOUR INVESTMENT WILL END LOSS .

This scenario does not fit in India . where getting loan itself is winning war . House cost price is way higher and loan rate is too much higher . Renting is cheaper than bank installments .

Hey Akshat,your videos are very relatable.could you also make a video on whether or not should students be running after government jobs or take risks in other ventures.just open a different and possible perspectives for all those orthodox,I'm sure,if anyone can do it,it's you.

Excellent video with wonderful presentation 💯🔥

You Are An Excellent Motivator; for Senior Citizens Like Me. I have started understanding the mistakes I had done in my formative age. Now on neutral gear

It's absolutely baseless statement "When I take 1Cr debt, the new money printed and making less valuable the existing". The money doesn't get printed when I took loan, it's purely based on country economic health (like GDP, reserves etc) and it decided by RBI how much money as a %of GDP should be printed.

Excellent video! Thank you. Need to make hear again and make notes

Akshat, recently I also bought an AC and was offered EMI payment option with a net discount price. I couldn't understand the logic, I wanted to pay in full but because of the discount I ended up taking EMI option. You very well explained the logic. Thanks. I enjoy watching your videos. Especially this one. Take away point for me was to not have a transactional mindset. I applaud you for your work and want to learn more from you.

Very good discussion about debt and positive/negative cash flow. Thank you.

7:30 a guy in my locality doing 15k/mo job saved some money and bought a swift on EMI and leases it to ola cabs and kept doing his job and used earning from that car as down payment to buy more cars and now when he has lot of cars and huge monthly capital he's doing same in real estate and he just stays at home and money keeps coming

Hello Akshat, I have been following your content from almost a year now. This is one of the best and most relatable video. I'm exactly inthe same state of mind which you stated, I just spend lots of time on thinking about things to do but never do. This video is definitely a wake up call atleast to me. Please continue doing what you are doing. Cheers!

I think the framework of decision-making is a great tool to include when making hard decisions. Something new I learned was understanding/improving the risk-taking component.

This is just an awesome video! Vital information shared. Thanks a lot Akshat!

Wonderful! Very useful, and practical. Keep it up, Akshat!

best youtuber..... thanks for everything....

The moral of the video is - Learning is an Earning, that keeps you Winning! :)

Thanks a lot for the information and education you provided in this video.

That's one of the best definition of Middle Class, Thank you !!

Hi Akshat, please make a video on short term investments. On where we can maximize our returns if we have liquid money for say 1 month or maybe 6 months or 2 years. I liked short term debt funds but more info including the taxation things would help everyone a lot and will also get you a new topic for a new good day.

Thank you akshat... It was a great video in understanding about the 3 pointers.. As I am more introvert and do not gather around with unfamiliar people.. But nowadays I see a change on breaking that rule to meet people at different mindsets. Thank you.

Of course 1st option

But what about taking a debt to buy a house to live in ? Isn’t that a fundamental necessity? Or staying on rent perpetually is the only way to go. I would love to hear opinions on this. Reference: if you’re staying in a Major Metro

good one akshat, very informative, really u explained very well about EMI's, your finance knowledge will save many youths life around the world , i beleieve this should reach to each village level in india so they can understand finance better way and improve their life and save from traps . Kudos to you. Thanks Sunil

I have been watching Akshat 's videos and it has helped me to be financially wise. I request that the video leng be kept under 10 minutes, including value statements. That will keep our attention more focused

Lot of the examples are misguiding or completely wrong. The steps and thought process is right.

I really love all of your videos. I first like your videos, only after that I start watching them. Your videos carry that much Warranty for sure.

Again a well researched & informative video (point to point presntation); We can take away so many things from this. Thanks very much Akshat! In the meantime, the National damad would be the one who (with family) thinks that India is their personal property. I really like your style of pointing out the problems (in playful mood). keep inspiring & educating.. May Chitragupta Ji bless you!

Cool insight, I appreciate an opportunity to get such knowledge on how to get rich, I look forward to trading bitcoin and making it an alternative source of income.

got trapped and fought with both merchant and bank card department.. but as usual no justice....lost 7000 etc he charged me saying card is returning this as credit....

Sir Indian clearing corporation Mera account se 1 month me 3 ya 4 bar paise leta hai.me 2 month se kuch v cell ya buy Kiya nahi.

I usually keep the screenshot of my oer day earning. By knowing how many days it'll take for me to pay that item back i make my decision. As a rule of thumb, 15 days is my limit (usually a vacation)

Akshat- Loved the tips given towards the end. Keep up the good work !

Thankyou I am 18 yrs old and have been reading some self help books and now i found your wonderful channel I have binged watched several video and they were eye opening .

Hello sir How are you You are Very Good Teacher ☺️💝💝💝💝💝💝😘 Thanks for your Great Work 🔥☺️👍

It is one of the best video of your channel.. I watch your videos on regular basis and today I just loved it.. You exposed all the riches, I never thought of buying a commercial property on loans it's really a great idea.

Super video... it pushed me from my latest position... Not taking any risk is also called risk..

Thanks a lot Akshat for all videos...I always liked your contents....Cashflow generated from debt can be positive or negative.... positive means adding into pocket....negative means taking out of pocket....what I observed till now is my EMI is always higher than the rented income...and now I have started believing that if the rented income is half of my EMI then it's a good investment....would you like to share your thoughts about this?

India should mandate the 401K(self directed only ...with matching contributions from the employer!) for public as well as private companies....along the lines of the American system. If they invest wisely.....they will have a comfortable nest egg come retirement!🙂

Anyone can achieve financial freedom, you just need a positive mindset and the right information. For me it was those things that guided me on my way to financial freedom. The moment I realized that investing in multiple assets is better than putting all my money into savings or unnecessary expenses, I began my journey to financial freedom. Investing is the easiest path to financial freedom. Most investors who take unnecessary losses is because they do not have proper investment management to begin with. Having a proper investment management plan is important, when I hired an investment professional to manage my investments, that’s when my income from all my investments became consistent.

i don't understand why not taking no cost emi is not good i still don't understand , i have card which i use always and it gives me 1 to 5% cashback on every purchase then why it's bad.

Hi Akshat,i am 40 now no body ever told the psycology behind becoming rich😁 .but its never too late. Thank you .

Adani is an example

Hope these techniques help me make a bold discussion regarding my career after 12th🙌

SIMPLE WAY : BUY LAND ON LOAN @6.7%, BUY AT GOOD PLACES, WE GET 20% MIN ROI PA, OVER A 5 YEAR TIME FRAME. SO U GET A PROFIT OF 13% PA, EASY MONEY.

hank you soo much very direct link n works for me love the way you expressed the installation .

Akshat, why didn't you make this video few months back..at that time I was struggling to make a decision that comes with a risk... Finally I ended up being in comfort zone without taking risk.... Now iam repenting 😔. Anyways thanks for opening my eyes

Hi Akshat, Thank you for all the informative videos. Can you please make a video on tax on commission income like incentives(is there any declarations to make to escape from this tax)

Using Kushner example is wrong in India. US have very low interest on home loan. Rental income from an apartment can pay for EMI and leave some profit. But in India interest is higher and EMI is mostly over Rent.

Thanks for all your videos. Keep up the good work. God bless.

What a thought provoking video thanks for quality content !

very eager to meet you!!

Can someone explain me about the loop he mentioned in 8:09

very well pointed thought...i was looking forward to it.

All the learnings, do, coalesce together! They come lend insight at the unlikeliest moments, it is absolutely amazing! And it is only possible if these learnings are attended without a transactional mindset. 1 pertinent issue remains. The lack of a mindset group...maybe a mastermind group...a collective group of people who are in thought harmony, working towards a common worthwhile goal. I have personally faced this issue. I feel the need to network, but networking events are still not a thing in the tier 2 city I live in. The nearest tier1 city is 4 hours away. How would you suggest them to approach this issue Akshat?

Just loved the way you explain things.

7:29 Adani take a lot of loan and their cashflow is amazing

wow.. excellent video... extremely relatable issues and educational video... i faced issues with all of these decisions and actions... thanks akshant ...

He has become clever, smart title and at the end he discloses which is just a common sense .. many are normal common sense unlike his stock buying tips these are just to gain traction of subscribers and followers and even the brand sponsor… Fresh grads mostly get crazy about such influencers but soon u will realise analysis of paralysis by following too many such gyan videos 😉🙂

@akshat sir, thank you so much for making finance easy to understand for common people like us. I just want your little help I am confused about buying a car or not as both my parents are retired teachers and my father is having a heart problem. & I stay in a small town so not good medical facilities are available nearby. We don't have any type of loan on us. Can you please guide whether we should buy a car or not? Thanks & Regards.

One of your best analyses. Good job Mr.Akshat.

Really Helpful video.. thank you for this info, one cannot take risk unless he/she is willing to, no video or motivation can help, 80/20 data is really good thing.

I saw you in my dream yesterday. I promised you I would stop procrastinating and start my investing journey soon. I was also happy because I read somewhere about the power of compounding and how inverting early is more important than investing more.

Absolutely true.. When my cibil was low and I had debt, not even a single financial institution helped. Now my cibikl is 750+ and I am debt free. Now the financial institutions like banks are willing to offer me loan. The banking system is screwed.

Learned and motivated so much,doing great jog Akshat👌👌

*Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating...*

Your videos are life changing for the person like me who comes from Non financial background

Great video! We need more people saying these things.

Love you videos..simple to understand and impactful

Andher Nagari Chaupat Raja Change of constitution and laws

Wonderful presentation - Thanks Akshat

A money in hand is worth more than it's in bush.

Thank you for these wonderful videos. Sometimes when you are in your lows such advise helps.

I am also engineering drop out, 04 batch. I thought my life was finished. Now, when i look back, that is the best thing ever happened in my life. 😀